The crypto trading company DWF Labs has launched the $20 million Cloudbreak Fund to support emerging Web3 projects in Chinese-speaking regions.
This fund aims to provide significant investments and strategic resources to accelerate the growth of projects in sectors such as gaming finance (GameFi), social finance (SocialFi), memecoins, derivatives, and layer-1/layer-2 technologies.
Andrei Grachev, Managing Partner at DWF Labs, highlighted the motivation behind the Cloudbreak Fund, emphasizing the rapid growth observed in Chinese-speaking regions. Grachev expressed the fund’s goal of offering dedicated support to these projects, enabling them to realize their full potential.
In a statement, Grachev mentioned, “I’m personally a big fan of their culture and intense, diligent work ethic. Projects in Chinese-speaking regions have experienced tremendous growth in recent months and require dedicated support to realize their full potential. To meet this need, Cloudbreak was created, a fund designed to unlock the potential of emerging projects in Chinese-speaking regions.”
Grachev highlighted that the Cloudbreak Fund’s launch amidst market challenges strategically aims to rejuvenate project development and commitment within the Web3 ecosystem, emphasizing DWF Labs’ dedication to supporting innovation by providing essential resources.
Web3 technology continues to gain traction, demonstrating practical applications through initiatives like the Lampu festival, where NFT-based ticketing solutions were deployed. This illustrates the growing mainstream adoption and utility of Web3 technologies in real-world scenarios.
The Cloudbreak Fund represents DWF Labs’ proactive approach to fostering growth and innovation in Web3 projects, particularly in Chinese-speaking regions. It aims to empower entrepreneurs and developers by providing essential funding and support during challenging market conditions.
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